#Whale manipulation of SWARMS price#
Hot Topic Overview
Overview
Recently, a whale account, 3EqUQ...xrU3s, was suspected of manipulating the price of SWARMS. The account sold 7.15 million SWARMS worth $2.1 million at an average price of $0.2944 within 25 minutes, and then bought back 5.55 million SWARMS at $0.2799 six minutes ago. Due to the sell orders being split into multiple transactions, while the buy orders were two large transactions, the price first dropped by 16.6% and then quickly rose by 30%, resulting in a swing of 46.6%. This operation has attracted market attention, and many people suspect that the whale is taking advantage of price fluctuations to profit, which may lead to some investors being "washed out".
Ace Hot Topic Analysis
Analysis
Recently, a whale account 3EqUQ...xrU3s was found suspected of manipulating the price of SWARMS. The whale sold $2.1 million worth of SWARMS tokens (7.15 million) at an average price of $0.2944 within 25 minutes, causing the price to drop by 16.6%. Subsequently, the whale bought back 5.55 million SWARMS at $0.2799 six minutes ago, causing the price to surge by 30%, with a swing of 46.6%. Due to the sell orders being split into multiple transactions, while the buy orders were made in two large transactions, this operation method is considered a typical price manipulation behavior. This incident has attracted widespread attention from the community, with many people worried that they might be washed out. Currently, it is unclear what the specific purpose of the whale manipulating the price is, but this incident undoubtedly serves as a wake-up call for investors, reminding them to be aware of market risks and invest cautiously.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
A whale has been manipulating the price of SWARMS by selling and buying in batches, causing significant price fluctuations.
The whale's manipulation has caused the price to drop and then rise, with a swing of 46.6%, potentially leading to some investors being washed out.
The whale's manipulation could have a significant impact on the price of SWARMS, and investors should invest cautiously.
The whale's manipulation has raised concerns about the price stability of SWARMS.